IN recent years, Saudi Arabia has rapidly emerged as a key player in the global susLtainability movement, leveraging its vast economic resources to lead the Middle East in renewable energy and green technologies.
A white paper prepared by Horizon Group, Switzerland, and commissioned by Agility, says the Kingdom is not only seeking to mitigate the effects of climate change through a series of ambitious national initiatives, but also aiming to transform its entire economic landscape, diversifying away from its traditional reliance on oil and gas.
The government's Vision 2030, paired with the Saudi Green Initiative (SGI), is set to guide the country through a profound ecological and economic transformation.
VISION FOR A SUSTAINABLE FUTURE
Saudi Arabia's push towards sustainability is driven by the understanding that the Kingdom's economic future is at risk from the impacts of climate change.
By 2050, projections suggest that the country could face severe environmental challenges, including more frequent agricultural droughts, prolonged heatwaves, and substantial damage to its GDP.
To address these issues, Saudi Arabia has set in motion a comprehensive green agenda that focuses on clean energy, infrastructure, and environmental preservation.
The government's commitment to sustainability is evident in the measurable progress it has made. As of 2024, the Kingdom is on track to achieve many of the targets outlined in Vision 2030. Key performance indicators show that 87 per cent of its 1,064 initiatives are completed or on track, and more than half of the goals related to environmental sustainability have exceeded their targets.
Over 49 million trees have been planted, while 2.8 gigawatts (GW) of renewable energy have been integrated into the national grid, powering over 500,000 homes.
Denne historien er fra December 2024-utgaven av Oil and Gas News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2024-utgaven av Oil and Gas News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
SABIC Exhibition to explore innovative tech in downstream
THE 14th edition of the region's largest petrochemical exhibition will be held from January 2630, 2025, in the Jubail Industrial City of Saudi Arabia.
New Emerson solution reduces energy costs
EMERSON has introduced its Energy Manager solution, a pre-engineered hardware and software offering designed to simplify industrial electricity monitoring.
WEG launches W80 AXgen motor
WEG, a global leader in motor manufacturing, has launched the W80 AXgen electric motor, designed for Original Equipment Manufacturers (OEMs).
AMETEK launches quartz microbalance analyser
AMETEK Process Instruments has introduced its next-generation quartz crystal microbalance (QCM) moisture analyser, the 3050OLV, a modern update to a product with over 25 years of reliability and performance.
Clariant catalysts to help cut emissions at Hengli's plant
CLARIANT, a sustainability-focused chemical company, has installed its EnviCat N2O-S catalyst at Hengli Petrochemical's nitric acid plant in Dalian, China.
TotalEnergies installs methane devices
AS part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies announces that the company is going a step further in the monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated Upstream sites.
More countries declare support for plans to triple nuclear power
AT the COP29 UN climate change conference in Baku, Azerbaijan, six additional countries El Salvador, Kazakhstan, Kenya, Kosovo, Nigeria, and Turkey have joined the call to triple global nuclear energy capacity by 2050, reported World Nuclear News.
Singapore allocates $74 million for green marine energy
SINGAPORE'S of S State, Alvin Tan, announced a SGD$100 million ($74 million) government investment to boost green growth in the marine and offshore energy sector over the next five years at OSEA 2024. The three-day tradeshow attracted over 500 exhibitors and 15,000+ attendees from 100 countries.
India, donor countries abandon energy transition partnership
INDIA will not proceed with the Just Energy Transition Partnership (JETP) initially discussed with donor countries like the US and Germany, aimed at aiding its transition from fossil fuels, particularly coal.
Aramco, Rongsheng in deal for Sasref expansion
SAUDI oil giant Aramco has anSA nounced that it has, along with its key affiliate Saudi Aramco Jubail ReCompany finery (Sasref) signed a development framework agreement with Chinese group Rongsheng Petrochemical at a special event in Beijing that paves the way for expansion of a vital Sasref faclity in Jubail.
